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UBS Exclusive: Announces Hundreds to be Axed

UBS Group AG is reportedly cutting jobs in Asia’s wealth management sector in the low hundreds, months after its takeover of Credit Suisse. UBS is responding to a slowing economy in China and low client activity.

UBS: Navigating Change – A worker walks towards UBS headquarters, symbolizing the ongoing transformation amid industry challenges. PHOTO: AlanaA/Shutterstock

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